I-many Enterprise Contract Management Research and Development Lab Files Patent Application for XSLT Contract Management Processor.Business Editors/High-Tech Writers
EDISON, N.J.--(BUSINESS WIRE)--Aug. 4, 2003
High Performance Processor Believed to be One of the Fastest Ever Developed for Contract Management Applications
I-many, Inc. (NASDAQ NASDAQ
in full National Association of Securities Dealers Automated Quotations
U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : IMNY IMNY Internet Marketers of New York ), the leader in enterprise contract management solutions, announced today that it has filed a patent application for an Extensible Style Sheet Language A style sheet language is a computer language used to describe the presentation of structured documents. A structured document is a document whose sections are clearly defined and categorized. Transformations (XSLT (eXtensible Stylesheet Language Transformation) Software that converts an XML document into another format such as HTML, PDF or text. It may also be used to convert one XML document to another XML document with a different set of XML tags (different schema). ) processor adapted specifically for contract management. The processor has been highly effective in enterprise-wide tests involving tens of thousands of contracts and large numbers of simultaneous users and is believed to be one of the fastest contract management processors ever developed.
The I-many XSLT processor utilizes advanced technologies developed by the I-many Enterprise Contract Management Research and Development Lab to dramatically reduce the time it takes for large globally distributed companies to make, manage and maximize contracts throughout the contract management lifecycle. Specifically, it overcomes many of the performance issues inherent in Extensible Markup Language See XML.
(language, text) Extensible Markup Language - (XML) An initiative from the W3C defining an "extremely simple" dialect of SGML suitable for use on the World-Wide Web.
http://w3.org/XML/. (XML XML
in full Extensible Markup Language.
Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. ) programming by transforming XML documents into other markup languages
"Many Global 2000 companies have upwards of 40,000 contracts enterprise-wide," said Terry Nicholson, chief operating officer Chief Operating Officer (COO)
The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. at I-many. "These companies require an XSLT processor capable of performing mission critical contract-related tasks across a large number of complex variables with an exceptionally high level of precision in a short amount of time. This patent application filing is testament to the unique performance capabilities of the I-many technology platform and the benefits it can deliver to contract-intensive companies."
I-many (NASDAQ: IMNY) is the leading provider of enterprise contract management solutions. The company's solutions automate contracting processes, ensure contract compliance and track contract performance resulting in higher contract revenues and reduced operating costs. More than 250 life science, consumer goods consumer goods
Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and , foodservice and manufacturing companies use I-many solutions. For more information, visit the company at http://www.imany.com.
This press release may contain forward-looking statements relating to the future performance of I-many, Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from expectations. These risks and uncertainties include the customary uncertainty associated with large software implementation projects and other risks described in I-many's filings with the Securities and Exchange Commission.
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